Image Courtesy: Social Media

Highlights:

  • Facebook signed a deal with a group of French publishers to pay for links to their news stories
  • It inked the licensing agreement with the Alliance de la Presse d’ Information Generale
  • Facebook noted that it would introduce a French version of its Facebook News Product

On Thursday, Facebook signed a deal with a group of French publishers to pay for links to their news stories which are shared by individuals on the social media platform. The tech giant voiced that it inked the licensing agreement with the Alliance de la Presse d’ Information Generale, which represents around 300 French publishers, to “improve the quality of online information for Internet users and publishers on Facebook”.

However, the financial terms were not revealed. Facebook noted that it would introduce a French version of its Facebook News Product in January, where the group’s publishers could enable their stories to appear. The licensing deal is the outcome of a push by the authorities in Europe and elsewhere to force Facebook and other social media companies to reward publishers for content.

Moreover, governments have been answering news outlets’ complaints that accuse the social media companies of getting rich at their expenses and selling advertisements linked to their reports without sharing revenues.

France is the first European Union’s 27 nations to implement the bloc’s 2019 copyright directive, which formulates a way for publishers and news companies to strike a licensing deal with online platforms.

Meanwhile, Google also signed a similar framework deal with the alliance this year, but discussions concerning licensing payments bogged down, leading French regulators to slam Google with a heavy fine for not negotiating in a good faith with publishers.

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